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VANCOUVER - Wheaton Precious Metals Corp. has announced an increase in its quarterly cash dividend by 6.5%, declaring a payment of US$0.165 per common share for the first quarter of 2025. This decision, made by the Board of Directors, marks an uptick from the previous quarter’s dividend of US$0.155 per share. According to InvestingPro data, the company has maintained dividend payments for 14 consecutive years, demonstrating strong dividend reliability. The company’s stock, currently trading at $72.72, has delivered an impressive 26.55% return year-to-date.
The company, which achieved a record total dividend of US$0.62 per share in 2024, will pay the latest dividend to shareholders on record as of the close of business on April 1, 2025, with distribution scheduled for approximately April 11, 2025. Share trading will go ex-dividend on the same date as the record date. With a market capitalization of $33.14 billion and an overall financial health score rated as "GREAT" by InvestingPro, Wheaton Precious Metals demonstrates robust financial stability. The current dividend yield stands at 0.87%.
Wheaton also highlighted its Dividend Reinvestment Plan (DRIP), which allows shareholders to reinvest their dividends in additional common shares. For this quarter, the company will issue shares through treasury at the Average Market Price, as defined in the DRIP, and without a discount. The stock is currently trading near its 52-week high, with InvestingPro analysis indicating the stock appears to be trading above its Fair Value. For deeper insights, investors can access the comprehensive Pro Research Report, which provides detailed analysis of Wheaton’s financial metrics, peer comparisons, and growth prospects. While the Board retains discretion over future dividends, the current declaration is designated as an ’eligible dividend’ for Canadian income tax purposes.
Shareholders interested in the DRIP can access information and enrollment forms on the company’s website or directly through the plan agent’s web portal. Beneficial shareholders are advised to contact their financial intermediary for enrollment procedures. The company urges all shareholders to review the DRIP’s terms and consult with their advisors before enrolling.
The press release includes forward-looking statements as defined by U.S. and Canadian securities legislation, which involve risks and uncertainties that could cause actual results to differ materially from those projected. These include assumptions about commodity market prices, production estimations, continued operation of mining ventures, and obligations under precious metals purchase and royalty agreements. The company’s filings with regulatory authorities provide further details on these risks.
This news is based on a press release statement from Wheaton Precious Metals Corp. and is intended for informational purposes only.
In other recent news, Wheaton Precious Metals is drawing attention with several significant developments. Berenberg analysts have maintained their Buy rating on Wheaton, setting a price target of $72.00, as they anticipate strong production results for 2024. The analysts have adjusted their model in light of Wheaton’s upcoming production and sales results, expected later in February, and the positive performance of Salobo in Brazil, operated by Vale. Berenberg forecasts Wheaton’s gold-equivalent production to hit the upper end of the guidance range at 616,000 ounces.
The firm’s updated forecast aligns with Visible Alpha’s consensus, projecting 2024 revenues at $1.28 billion, EBITDA at $982 million, and earnings per share (EPS) at $1.42. For 2025, Berenberg expects Wheaton’s revenue to be $1.45 billion, with EBITDA at $1.13 billion and EPS at $1.66. These figures are slightly more conservative than Visible Alpha’s 2025 consensus, which anticipates higher revenue and earnings. The difference is attributed to expectations of modestly lower volumes of gold and silver and slightly lower metal prices. Investors are keenly awaiting Wheaton’s official production and sales results to compare them against these forecasts.
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